The EIU view

Strong external demand combined with copper prices will support economic growth and restrain the already large current-account deficit in the forecast period. An IMF bail-out package has helped to stabilise the balance of payments, but the fiscal deficit will widen, compared with 2017-18, as higher mining revenue softens the government's austere stance. Policymaking will proceed slowly, owing to the impact of major corruption scandals on political stability.

Parliament ousts speaker
We had expected the dismissal on account of public anger over his possible involvement in the "60 billion case" scandal, as well as factional conflicts within the ruling party.

US secretary of state touts Mongolia aid
Although concerns about China may be rising, the investment compact worth US$350m to develop new water sources in the country is nothing new in terms of bilateral engagement.